Annual Property Operating Data

Name

Dolly Ramphir

Location
Type of Property
Size of Property

250 NE 77th Street
Miami
Rental
Efficie Purchase Price
300-8= 2400 (Sq. Ft./Units)
Acquisition Costs

Purpose

Sale

Assessed/Appraised Values
Land
Improvements
Personal Property
Total

Loan Points
Down Payment

0

Adjusted Basis as of:

Existing
1st
2nd

0%
0%
0%
0%

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

Advertising
Supplies
Miscellaneous Contract Services:
Garbage Disposal

$0

$0

#Pmts.
12

Interest

Term

0%

%

COMMENTS/FOOTNOTES

or $/Unit of GOI

8
450
POTENTIAL RENTAL INCOME
2 Units Extra:2nd per
Plus: Other Income (affected by vacancy)
( 2% of
40,800 )
Less: Vacancy & Cr. Losses
EFFECTIVE RENTAL INCOME
late fees
Plus: Other Income (not affected by vacancy)
GROSS OPERATING INCOME
OPERATING EXPENSES:
5,500
Real Estate Taxes
25
Personal Property Taxes
5,000
Property Insurance
0
Off Site Management
0
Payroll
0
Expenses/Benefits
0
Taxes/Worker's Compensation
500
Repairs and Maintenance
Utilities:
1,000
Water & Sewer

Accounting and Legal
Licenses/Permits

Payment

Potential
1st
2nd

$0
$/SQ FT

ALL FIGURES ARE ANNUAL

Balance

43,200.00
1,800.00
816
44,184
800
44,984

0
0
0
0
250
100
0
0
1,300
0
0
0
0

TOTAL OPERATING EXPENSES
NET OPERATING INCOME
Less: Annual Debt Service
Less: Funded Reserves
Less: Leasing Commissions
Less: Capital Additions
CASH FLOW BEFORE TAXES
Copyrightᄅ 1997 by the Commercial Investment Real Estate Institute

13,675
31,309
0
0
0

0

Prepared by: Dick Ramphir .The statements and figures herein. are secured from sources we believe authoritative. while not guaranteed.

768 44. R.709 866 49.836 0 45.945 1.005 2.773 15.900 816 46.853 0 0 15.175 27.853 0 0 15.948 0 48.754 849 48.802 34.423 45.064 1.500 12.716 13.873 0 46.Cash Flow Analysis Worksheet Property Name Prepared For Prepared By Date Prepared 250 NE 77th Street Dolly Ramphir Dick Ramphir 15-Nov-16 Purchase Price Acquisition Costs Loan Points Down Payment Mortgage Data 1st Mortgage 0 Cost Recovery Data 2nd Mortgage Amount Interest Rate Term Payments/Year Periodic Payment 12 - Annual Debt Service Comments Improvements Value C.818 832 47.006 2.1st Mortgage -Interest .007 2.949 32.800 (2.853 15.853 15.844 1.853 0 0 0 .575 14.910 0 47.603 14.008 2009 40.091 46.227 33.2nd Mortgage -Cost Recovery . Method Useful Life In Service Date Recapture Personal Property 0 SL 39 7/28/2002 (All/None/Excess) Investment Tax Credit ($$ or %) Taxable Income Year : 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Potential Rental Income +Other Income affected by vacancy -Vacancy & Credit Losses =Effective Rental Income +Other Income not affected by vacancy =Gross Operating Income -Operating Expenses =NET OPERATING INCOME -Interest .325 44.Improvements -Cost Recovery .650 14.761 1.100) 0 38.700 800 39.Personal Property - 2.512 34.

566 16.768 18.146 34.622 6.091 18.325 18.049 $8.325 18.089 17.146 33.915 6. while not guaranteed.952 $9.238 6. are secured from sources we believe authoritative.566 18.811 Cash Flow 17 18 19 20 21 22 23 24 NET OPERATING INCOME (Line 8) -Annual Debt Service =CASH FLOW BEFORE TAXES -Tax Liability (Savings) (Line 16) +Investment Tax Credit =CASH FLOW AFTER TAXES 27.277 6.089 15.146 32.146 34.472 4.146 9.130 14.179 4.945 6.423 18.627 6.811 $5.920 6.532 $8.325 15.773 18.15 =Real Estate Taxable Income 16 Tax Liability (Savings) at 36. .570 6.130 16.816 Copyrightᄅ 1997 by the Commercial Investment Real Estate Institute The statements and figures herein.0% ᆵᆵᆵᆵᆵ 11.380 $9.

927 30.010 $147.350 $154.178 $207.190 0 481.000 (8.360 0 481.927 $164.190 481.000 268.Prepay Penalty TOTAL UNPAID BALANCE 155.204 $259.190 (2.880) 0 63.694 25.970 146.694 7% cap rate $591. .143 29.335 591.000 416.168 506.694 25.870 $182.238 $332. while not guaranteed.000 150.357 22.000 331. are secured from sources we believe authoritative.Alternative Cash Sales Worksheet Mortgage Balances Year: Principal Balance .000) 0 0 443.557 153.557 0 421.360 561.295 140.357 8% PROJECTED SALES PRICE cap rate CALCULATION OF ADJUSTED BASIS: 1 Basis at Acquisition 2 +Capital Additions 3 -Cost Recovery (Depreciation) Taken 4 -Basis in Partial Sales 5 =Adjusted Basis at Sale CALCULATION OF EXCESS COST RECOVERY 6 Total Cost Recovery Taken (Line 3) 7 -Straight Line Cost Recovery 8 =Excess Cost Recovery CALCULATION OF CAPITAL GAIN ON SALE: 9 Sale Price 10 -Costs of Sale 11 -Adjusted Basis at Sale (Line 5) 12 -Participation Payments 13 =Total Gain 14 -Excess Cost Recovery (Line 8) 15 -Suspended Losses 16 =Gain or (Loss) 17 -Straight Line Cost Recovery (limited to gain) 18 =Capital Gain from Appreciation ITEMS TAXED AS ORDINARY INCOME: 19 Excess Cost Recovery (Line 8) 20 -Unamortized Loan Points 21 =Ordinary Taxable Income CALCULATION OF SALES PROCEEDS AFTER TAX: 22 Sale Price 23 -Cost of Sale 24 -Participation Payments 25 -Mortgage Balance(s) 26 =Sale Proceeds Before Tax 27 -Tax (Savings) : Ordinary Income at 36% ( Line 21) 28 -Tax : Straight Line Recapture at 25% (Line 17) 29 -Tax on Capital Gains at 15% (Line 18) 30 =SALE PROCEEDS AFTER TAX $506.190 0 421.360 0 0 72.945 7.210 Calculation of Sale Proceeds $443.586 0 421.360 0 561.586 0 0 84.143 6% cap rate $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 443.100 14.891 150.335 0 591.200 7.586 0 561.156 145.500 0 152.357 22.348 Copyrightᄅ 1997 by the Commercial Investment Real Estate Institute The statements and figures herein.586 0 0 8.143 29.168 0 506.1st Mortgage Principal Balance .

049 8.622 15.952 9.532 8.945 284.817 RAT E S $ 0 5.380 217.179 14.RE T UR N OF n 0 1 2 3 4 5 $ 0 9.380 342.213 O F $ 0 5.179 14.049 8.952 9.952 9.049 8.945 347.622 15.945 433.277 15.380 268.179 14.164 IRR= Err:523 R E T U R N IRR= Err:523 IRR= Err:523 AFTER TAX Alternative 2 n 0 1 2 3 4 5 $ 0 9.277 15.971 IRR= Err:523 Alternative 3 n 0 1 2 3 4 5 $ 0 5.277 15.707 Alternative 3 n 0 1 2 3 4 5 A T E S I NT E RNAL IRR= Err:523 Alternative 1 n 0 1 2 3 4 5 $ 0 9.532 8.987 R IRR= Err:523 Alternative 2 n 0 1 2 3 4 5 I N T E R N A L BEFORE TAX Alternative 1 .622 15.532 8.

or each year) Expense Escalators (enter just year 2. or each year) Cap rate used in Sale Expenses of Sale Alternative 1 8% 5% 1 0% 2% 2 2 0% 2% 2% Alternative 2 7% 3 0% 2% 2% 4 0% 2% 2% Alternative 3 6% 5 0% 2% 2% 6 0% 2% 2% . or each year) Income Escalators (enter just year 2.Assumptions Ordinary Income Tax Bracket Capital Gain Max Tax Rate Tax Rate on Straight Line Recaptur Month Placed in Service: 36% 15% 25% 27 Year----> Vacancy Rates (enter just year 1.

The sales price is calculated by capping the 6th year's NOI (the sixth NOI is in a hidden cell at the end of line 7 on the CashFlows sheet. of course. you won't have any answers that depend on dollars-per-units information. is carried over to the Sales worksheet. All the sheets are protected. Income and expenses on this worksheet will escalate in accordance with percentages you enter in the Assumptions worksheet. and there is nothing to input. or by just plugging in the number in column "I". The Mortgage information in the APOD is not entered there. but none are password protected except this 'readme' sheet. CFBT and CFAT numbers. in the "%" collumn. rented or in any way become in and of themselves a source of income. They may be used in the course of doing business and may not be sold. You must do this to look at and change formulae.before and after tax IRRs on the three alternative cash sales. and Assumptions. etc. CashFlows. The CashFlows worksheet derives much of its input from the APOD. over-ride that number. Neither the Institute nor the author accept any liability that may arise as a result of reliance on any conclusion indicated by the template or any report generated by the template. The business form template streamlines calculations that can be achieved through the use of a financial calculator. and the cost recovery and mortgage information. percentage of GOI. Note that if you put no number in the 'Size of Property' blank. The Sales worksheet is pretty self-documenting. No warranty is given concerning the suitability of the template for any application. plus this documentation worksheet. and Page 8 . *Forms may be copied with inclusion of the following: "Reprinted with permission of the Commercial Investment Real Estate Institute / Copyright 1997 Commercial Investment Real Estate Institute (CIREI)" *Please direct all comments and questions regarding calculations to: Gary G. but the two should agree always. FL 32779 Email: gary@orlando. although the payments will calculate automatically. Tharp. *This CCIM Business Forms template is presented on an 'as-is' basis. The active sheets are called APOD. although you can override that by plugging in numbers just about wherever you want. as is the 'cost of sale' percentage. and is carried over to the CashFlows worksheet. but must first unprotect the sheet you're working with using the Protection option in the Tools drop-down menu. will carry over into the IRR worksheet. which is also where the tax brackets and the Year Placed in Service comes from. *CCIM Business Forms are provided at no cost for the use of the members of the Commercial Investment Real Estate Institute and others who may wish to use them. but comes instead from the CashFlows worksheet. You may.f for the Commercial Investment Real Estate Institute (CIREI) which holds copyright to the CCIM Business Forms. CCIM 2083 Biltmore Point 407/869-1011 Fax 407/862-3666 Longwood.com Overview: The template consists of five worksheets. All the computations are automated. of course. even if the template is defective. The IRR worksheet is just the frosting on the cake -. All the numbers derive from the CashFlows and Sales sheets. Sales.) The cap rates for each alternative are entered in the Assumptions. The APOD worksheet: Much of the data that must be input to the template resides here.ReadMe License: *This Template was developed by Gary Tharp.. IRR. There are three ways to enter each expense category: dollars per unit (such as dollars per square foot). The date you use in the "In Service Date" blank in the Cost Recovery Data box is used by Assumptions to extract the "month placed in service" for amortization and cost recovery purposes. CCIM. You must put in the mortgage info. That means you can modify anything you like.

and other formatting options.ReadMe to change column widths. Page 9 .